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IBM Software Powers Greenhouse Gas Meter
(Market Wire Via Thomson Dialog NewsEdge) ARMONK, NY, December 12 / MARKET WIRE/ --
IBM (NYSE: IBM), Enterprise Information
Management, Inc. (EIM), and Evergreen Energy Inc. (NYSE: EEE) today
announced a greenhouse gas meter called GreenCert developed on IBM
Websphere Portal-based software, which can calculate carbon reductions
across multiple industries and devices. The absence of such compliance
tools is cited as inhibiting the investment in and growth of the
potentially US$30 billion global carbon market, according to a World Bank
report.
GreenCert provides an automated software tool to gauge and document
greenhouse gas management efforts and can transform this data into
Certified Carbon Emissions Reduction Credits (CCERC). This greenhouse gas
meter solution is a collaborative project among IBM Business Partner
Enterprise Information Management, Inc. (EIM), Evergreen Energy Inc. and
its subsidiary, C-Lock Technology Inc. (C-Lock).
The technology extends the global greenhouse gas reduction trading market
to numerous sectors including power, agriculture, government and financial
services. It can easily be deployed throughout power plants, cement
factories, steel factories and commercial buildings, measuring outputs of
greenhouse gases from florescent lights, printers and other sources of
energy output.
GreenCert offers a standard, repeatable methodology for efficiently
collecting and manipulating large volumes of information and calculating
and documenting emissions reductions, a process which has typically relied
on highly specialized, labor and transaction intensive methods. Previously,
organizations had to rely upon customized approaches to measuring emission
reductions before a credit could be monetized and traded.
Private and public organizations around the world are facing a growing need
to acquire new, cost-effective tools to manage, quantify, analyze and
report on their greenhouse gas footprint. At the same time, investors and
stake-holders are increasingly demanding full accounting of greenhouse
gas-related liabilities and assets. Energy use (as measured by
kilowatt-hours or kWh) is a critical piece of data for the calculation of
emissions. Converting emission reduction to Certified Carbon Emission
Reduction Credits (CCERC) opens a previously untapped revenue source.
CCERCs are valued between $3.00 and $8.00 per metric ton, the measurement
used to quantify greenhouse gases.*
The overall value of the global aggregated carbon markets was over $10
billion in 2005, the last full year for which data is available, with the
potential to grow by some as high as $30 billion for 2006, according to the
World Bank report: State and Trends of the Carbon Market 2006. "Reducing
climate change risk and promoting investment in clean energy systems is a
long-term venture requiring billions of dollars of annual investment..."
the report states. "In order for the (carbon) market to generate
sustainable long-term capital at the scale required, the market needs a
strong compliance system, more transparent and credible processes about
formulating and releasing emissions data, and clear signals about future
policy direction." The full World
Bank report can be found at:
http://carbonfinance.org/docs/StateoftheCarbonMarket2006.pdf
To meet this growing business opportunity, companies have spent billions
trying to come up with custom solutions that are expensive, and still fall
short of the scale demanded by the climate change challenge. With the joint
software effort, companies will have a global and high-volume tool for
stepped-up greenhouse gas measurement. GreenCert aims to reliably quantify
what is being traded, allows important information to be shared among
multiple organizations and authorized users, and supports emerging
ecological impact standards and legislation. To learn more about the
specific capabilities of this tool, visit: www.c-locktech.com.
GreenCert has specific industry models, as in agriculture, that can use
base data from the farmers who manage the land and compute the amount of
carbon sequestered in the soil over time and be used for carbon emission
reduction credits. Energy companies can use sensor data from power plants
and other facilities to compute and verify carbon emission reductions.
The GreenCert infrastructure was designed and built by EIM and is based on
a Services Oriented Architecture (SOA) that uses 100 percent IBM Software.
The IBM technologies that make up the system include Websphere Portal,
Lotus Forms, DB2 Universal Database, Content Manager, Records Manager,
WebSphere Process Server and WebSphere Business Process Management
software. IBM's software and database capabilities enable the development
of a robust business process application which ensures the security,
traceability, and integrity of the raw data and the resulting CCERCs.
"Because of IBM's extensive global reach and market leading technologies
that can integrate seamlessly with third party applications, we were able
to take the opportunity to help our partner EIM build on the patent-pending
technology of C-Lock and the unique vision of Evergreen to track, monitor,
quantify, document and enable efficient verification of greenhouse gas
emissions," said Larry Bowden, Vice President of Portals and Interaction
Services.
"Countries with growing greenhouse emission rates such as India and China
need to manage greenhouse gas risks and liabilities," said Bruce Lyman of
EIM. "Thanks to IBM, we're able to be a part of the global solution by
helping to pave the path towards a cleaner environment."
"Evergreen is pleased to join with EIM to offer a leading-edge solution
built on industry leading IBM technology that addresses a critical concern
of all our domestic and international interested parties: providing an
efficient, transparent methodology to document and verify greenhouse gas
emissions reductions associated with the introduction of more efficient,
lower GHG emitting technologies," said Kevin R. Collins, President and CEO
of Evergreen Energy, "and through this accelerating the speed to market of
these technologies for meeting our energy needs."
Powering GreenCert is an engine designed by C-Lock -- based on
patent-pending process technology -- designed to ingest many kinds of data
available from a wide variety of sensors and tools, and use them to
quantify the greenhouse gases emitted and changes in emissions.
"The combination of the C-Lock engine with IBM Software will radically
change the way greenhouse gas emission reductions are quantified and
certified," said Ted Venners, Chairman of C-Lock. "Every market participant
concerned with greenhouse gas emissions will benefit from the dramatic
improvement of transparency and certainty of analysis this solution offers.
Only by working with IBM and its Business Partner, EIM, were we able to
accomplish this vision."
Pricing and availability
GreenCert will be available from C-Lock in the first half of 2008. Pricing
will be made public at availability.
The GreenCert application is available now as a trial beta at: www.c-locktech.com.
C-Lock Technology, Inc. is a subsidiary of Evergreen Energy Inc. and can be
found at: www.evgenergy.com.
Information about EIM can be found at: www.eim-worldwide.com.
*1 ton equals 1,000 kilograms or 2,205 lb
IBM is a trademark of International Business Machines Corporation in the
United States, other countries, or both. Other company, product or service
names may be trademarks or service marks of others.
Statements concerning IBM's future development plans, schedules and pricing
are made for planning purposes only, and are subject to change or
withdrawal without notice.
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For press inquiries:
Mike Azzi
IBM Media Relations
914.766.1561 (T)azzi@us.ibm.com
Paul Jacobson
Evergreen Energy Inc.
720.945.0660 (T)
303.408.9698 (M)pjacobson@evgenergy.com
Copyright 2007 Market Wire, Incorporated
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